Tuesday, November 29News That Matters
Shadow

Tag: bull

Naren’s formula to predict end of current bull run and to shift funds

Naren’s formula to predict end of current bull run and to shift funds

Finance
NEW DELHI: Despite intermittent hiccups, the domestic stock market seems to be in a secular rally, rising to record highs almost every single day. But, as with all good things, these good times will not last, and knowing when the end comes can help one avoid big losses. Predicting that moment is a risky game, but one seasoned fund manager seems to have some insight on it. He believes all one needs to do is keep track of how inflation behaves in the US. “When inflation returns in the US, that is when the bull market can end. You have to be watchful of inflation in the west. Right now they do not seem to be bothered at all, but that will be very important sometime in the future,” says S Naren, Chief Investment Officer at ICICI Prudential Mutual Fund. Trying to second-guess which sector can o...

Record highs are justified because a booming economy is months away, market bull Ed Yardeni predicts

Finance
Long-time Wall Street bull Ed Yardeni believes the market's all-time highs are justified.Despite a record number of coronavirus cases and concerns surrounding the November jobs report, he maintains a "V"-shaped recovery is underway."I really wasn't that disappointed," the Yardeni Research president told CNBC's "Trading Nation" on Friday. "Government had a drop of almost 100,000 [payrolls] because census workers just had part-time jobs. Excluding that, we were up over 300,000. Wages were up, and the workweek held up pretty well."According to Yardeni, the latest employment figures suggest the first quarter will avoid a double-dip recession. He predicts the economy will start booming by Spring when readily available vaccines result in pent-up demand for services that were avoided du...
Formula 1: Verstappen and Albon exposed by trouble at Red Bull

Formula 1: Verstappen and Albon exposed by trouble at Red Bull

Sports
As Lewis Hamilton celebrated the incredible landmark of the 90th pole position of his career at the Hungarian Grand Prix, the man who was perhaps expected to pose the strongest opposition to him this weekend was scratching his head down in seventh place.Last year, Red Bull's Max Verstappen was on pole position for this race, on a track that for the last decade has always been a strong one for his team, and came close to denying Hamilton victory.On Saturday, the Dutchman qualified seventh - not only 1.4 seconds slower than Hamilton, but nearly 0.3secs slower than Verstappen himself had gone a year ago.Hamilton was surprised. "That is a really big gap," he said. "I definitely wasn't expecting them to be as off the pace as they have been this weekend." And he was not the only one.Early promis...
DNA editing sees horned bull father six hornless calves

DNA editing sees horned bull father six hornless calves

Technology
Scientists say they have developed an alternative to the practice of de-horning cattle after a genome-edited horned bull fathered six hornless calves.Researchers at the University of California spent two years studying the offspring after altering the DNA of the father, which they hoped would influence the characteristics of its young. Their work - detailed in the journal Nature Biotechnology - proved successful, with none of them developing horns but otherwise being perfectly healthy.It is hoped the technology could sound the death knell for the unpleasant practice of de-horning, which farmers carry out to protect themselves and other animals from potential harm.Study author Alison Van Eenennaam said genome editing offers a pain-free alternative by introducing a naturally occurring geneti...
This is the ‘key driver’ in PNC’s bull case for Q4

This is the ‘key driver’ in PNC’s bull case for Q4

Finance
PNC Financial's Amanda Agati expects the fourth quarter to take investors on a wild ride.But that doesn't mean investors will be clutching their stomachs the whole time.According to the firm's chief investment strategist, stocks should still deliver gains for investors over the next three months despite the recent batch of sluggish economic reports."We're feeling the effects of that hangover from a slower sluggish summer in the data that's coming out more recently. So, no question the data is mixed. Soft data is just that: It's soft," Agati said Friday on CNBC's "Trading Nation."Agati, who doesn't envision a recession hitting the U.S. until at least 2021, believes the bullish driver will be third quarter earnings season, which is scheduled to kick-off the week of October 14. "Q3 and Q...